TEN Holdings Q3 revenue rises 17.9% to $640K but net loss widens to $3.73M

TEN Holdings, Inc.

2026-Q3 EPS reported -$1.42 revenue$2,224,000

Q3 2026 revenue $640K, up 17.9% YoY from $543K; platform usage revenue fell 12.8% to $428K while professional/managed services jumped 307.7% to $212K.
Gross profit $379K vs $405K; gross margin 59.2% vs 74.6% as cost of revenue rose 89.1% to $261K on more on-site events.
SG&A $4.11M, up 88.2%, including a $1.8M write-off of capitalized service contracts and ~$0.5M litigation legal costs; net loss $3.73M ($0.31/sh) vs $1.99M ($0.84/sh).
Cash $3.5M at Sept 30 vs $5.8M at June 30; Q3 operating cash use $2.7M. Related-party loans fell to $0.1M from $4.6M; total liabilities $2.0M vs $7.7M at YE2025.
Launched TEN platform supporting 50,000 concurrent attendees; appointed Ian M. Lawson interim CFO effective Sept 30, 2026; filed a $100M universal shelf registration.

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